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. >>> the economy's recovering. iraq overtook iran last year to become the second largest oil produce iramong the members of petroleum exporting countries. only saudi arabia produces more. the volume of foreign investment is 20 times grater than it was four years ago. residents of baghdad can now spend their money at a shopping mall in the capitol. still shias show little sign of letting up in their fighting. >>> north korea's leader has called for rebuilding the country's light industrial sector. he said the aim is to become an economic power and improve the standard of living. state run tv reported that kim jong un made the speech at a meeting of industrial workers in pyongyang. he id denounced the joint exercises. pyongyang watchers say kim jong's announcement is over severe economic conditions. he is now reportedly the father of a baby girl. a source familiar with north korea/china relationsing told nhk that kim's wife gave birth in late january. the source learned about the birth from an official of the ruling
. >>> the economy's recovering. iraq overtook iran last year to become the second largest oil produce iramong the members of petroleum exporting countries. only saudi arabia produces more. the volume of foreign investment is 20 times grater than it was four years ago. residents of baghdad can now spend their money at a shopping mall in the capitol. still shias show little sign of letting up in their fighting. >>> north korea's leader has called for rebuilding the country's...
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Mar 19, 2013
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economy? what about the global financial system what what risk is there to that because of this cyprus situation? this is a big worry for so many people. >> so, the risk scenario, and i should stress it's a risk scenario, not a baseline is that the cypriots are so upset that you get both political disorder and social unrest and that increases the chance of cyprus exiting the euro zone. if they exit the euro zone, you reopen all these dwhaes are put aside by the very aggressive intervention of the banks. that's the risk, unless they find a solution and unless they exempt the small savers from this levy, that you may get social disorder and political disorder. >> let's bring it here to the u.s. and u.s. stock market. we've had a nice market rally. could this situation disrupt the market rally here and for american investors, is this a time, an opportunity to get in, or is there more turmoil ahead? what do you think? >> so far we've shrugged off this element for three reasons. one is the european
economy? what about the global financial system what what risk is there to that because of this cyprus situation? this is a big worry for so many people. >> so, the risk scenario, and i should stress it's a risk scenario, not a baseline is that the cypriots are so upset that you get both political disorder and social unrest and that increases the chance of cyprus exiting the euro zone. if they exit the euro zone, you reopen all these dwhaes are put aside by the very aggressive...
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Mar 21, 2013
03/13
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between those following the accident- that there are still downside to the economy. do you think that policy has made the right move today? >> i think so. i think, in general, the moves that we've seen over the past six months have been quite helpful. the further move in the direction of trying to get the economy back onto a stronger trajectory for the labor market, more rapid labor market improvement and i think the message from what they did today is, you know, for the time being, stay the course. of course, he's not willing to commit what, you know, what's going to happen in the future as far as the quantity of easing programs are concerned. guns, there's still quite a lot of uncertainty about how long that's going to continue for. but our expectation is that it's still going to continue through this year and then will wind down in 2014. but, yeah, we do expect to support the federal reserve. >> and that, yon, is what i wanted to ask you about. did you divine any hints in the press conference or the statement today about when the federal reserve might take its foo
between those following the accident- that there are still downside to the economy. do you think that policy has made the right move today? >> i think so. i think, in general, the moves that we've seen over the past six months have been quite helpful. the further move in the direction of trying to get the economy back onto a stronger trajectory for the labor market, more rapid labor market improvement and i think the message from what they did today is, you know, for the time being, stay...
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Mar 20, 2013
03/13
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economy. u.s. gdp. now it is about 9%. do you think that shift is beneficial to the u.s. economy? >> i don't think i know the answer to that question. certainly the financial system, i could argue in two ways, so the u.s. economy grew pretty well between 1945-1975, 1980. the financial system was much simpler and didn't have a lot of exotic rigors and so on. so that would be one way to argue maybe all this extra financial activity is not justified. on the other hand the world is a lot more concentrated, lots more international, large multinationals that are connecting resources, investors and other countries, there's a lot more demand, so i think based on that and based on the innovations and information technology in a lot of industries you would expect financial services to be somewhat bigger. so i don't really know the answer to that question. my predecessor paul volcker explained the only contribution financial industry is the automatic teller machine. i don't know the answer. a much bigger sector can be defined by the wider range of services globalized financial economic syste
economy. u.s. gdp. now it is about 9%. do you think that shift is beneficial to the u.s. economy? >> i don't think i know the answer to that question. certainly the financial system, i could argue in two ways, so the u.s. economy grew pretty well between 1945-1975, 1980. the financial system was much simpler and didn't have a lot of exotic rigors and so on. so that would be one way to argue maybe all this extra financial activity is not justified. on the other hand the world is a lot more...
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Mar 19, 2013
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it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus you have a society and a lot of things that need to be focused on, laser beaming becomes narrowing, i don't think that is how we' our president or anyone in congress to just have like this one bullet silver bullet solution on what will save the u.s., that is not only thing that u.s. nee right now, we not only have a jobs problem. neil: i think it should be your highest priority. >> it is important for us to look -- >> okay, i understand. >> i don't know why we're again saving the world. neil: i'm not again saving the whales and birds, i'm i wan
it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus...
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Mar 20, 2013
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bernanke stops his bond buying, causing the economy to get dinged, stock prices get slammed. people freaking about all this almost nonstop. taking breaks to freak out from cyprus, even as i think it's a silly reason, frankly, to be afraid. i told you i would trust ben bernanke to get it right. he's committed to keeping rates low until it's 6.5%, pretty far away from where we are. i explained why you shouldn't let something that has to happen some day scare you out of high-quality stocks right now. and as they come down, i want to start getting more positive. i stated that the rates will go higher. it will be because things are getting better. so i think they are. but bernanke will try to keep the rates low as long as he can. you know what, though, while i think the financial stock charts are showing you that rates are about to shoot up big, bond technicians may disagree. i would like to have all sides here. how about we take a more empirical look at the issue? if the fed really is about to stop its bond buying, you know what's going to happen first, right, first and foremost.
bernanke stops his bond buying, causing the economy to get dinged, stock prices get slammed. people freaking about all this almost nonstop. taking breaks to freak out from cyprus, even as i think it's a silly reason, frankly, to be afraid. i told you i would trust ben bernanke to get it right. he's committed to keeping rates low until it's 6.5%, pretty far away from where we are. i explained why you shouldn't let something that has to happen some day scare you out of high-quality stocks right...
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Mar 19, 2013
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. >> some positive news for the european economy today. airbus has just signed the biggest civil aviation deal in history. it is with ryanair. >> it will provide a much-needed boost to the economy promising to secure 5000 jobs in france alone over the coming decade. >> the signatures are worth a lot of money. airbus will likely discount package of 234 plans, they have a list price of 18 billion euro. assembly will take part in france with parts from several european locations. it will be at capacity for four years. >> of bills meanwhile pride that we epitomize european success. we are working together to create jobs. >> the deal means more than money and well paying jobs. ryanair is a new customer for airbus. they have previously purchased all their planes from their arrival, boeing. >> the western-backed opposition is meeting in istanbul to p ick the new prime minister. the first tasks is creating a cabinet. >> the conflict is expected to escalate further with britain and france say they plan on our main local groups. especially when it c
. >> some positive news for the european economy today. airbus has just signed the biggest civil aviation deal in history. it is with ryanair. >> it will provide a much-needed boost to the economy promising to secure 5000 jobs in france alone over the coming decade. >> the signatures are worth a lot of money. airbus will likely discount package of 234 plans, they have a list price of 18 billion euro. assembly will take part in france with parts from several european locations....
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Mar 20, 2013
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first, whether the chinese economy will continue to grow sustainably. and secondly, whether a stronger china will become more assertive, and even -- [inaudible] [speaking chinese] [speaking chinese] >> translator: i think these two concerns are really necessary. china is capable of achieving sustainable and a healthy economic development, in pursuing social progress. and that are more than 1.3 billion people in this country so we are on a long journey towards modernization. for that we would require an international environment of lasting peace. even if china becomes stronger, we will not seek edge me. because we have learned from our own experience in the modern period that one should not impose on others what he himself does not desire. this is an article of faith for us. [speaking chinese] [speaking chinese] [speaking chinese] >> translator: let me underscore here that china has an unwavering commitment to peaceful development. we also have an unshakable determination to safeguard our country's sovereignty and territorial integrity. these two are not
first, whether the chinese economy will continue to grow sustainably. and secondly, whether a stronger china will become more assertive, and even -- [inaudible] [speaking chinese] [speaking chinese] >> translator: i think these two concerns are really necessary. china is capable of achieving sustainable and a healthy economic development, in pursuing social progress. and that are more than 1.3 billion people in this country so we are on a long journey towards modernization. for that we...
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well everyone wants a piece of what valorise has to offer in terms of the economy they didn't like me taking a stand and so they started calling me all sorts of things next we don't privatized everything and some are unhappy about that we are a welfare state with a strong social policy the social and economic policies i pursue you are very different from what the west would want us to have next we do have a rigorous political system when power is divided between entities like the parliament and the government the president ends up with no power and it's easy then to what happens in the state you can state fights and conflicts this backlash on the people behind all this you can lay your hands on some valuable assets through privatizing before anyone knows so they don't like it that they can't do it for freedom of speech is another such things but that can't be serious how is it even possible not to have them with all the modern media around us and there is also the internet our analysts have calculated fifty one percent of our active population are active internet users how can i possi
well everyone wants a piece of what valorise has to offer in terms of the economy they didn't like me taking a stand and so they started calling me all sorts of things next we don't privatized everything and some are unhappy about that we are a welfare state with a strong social policy the social and economic policies i pursue you are very different from what the west would want us to have next we do have a rigorous political system when power is divided between entities like the parliament and...
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economy? >> it certainly would have come up, i think, if some analogies with iceland from a number of years ago. even a smaller country, only 250,000 people, not aillion people, but it was something that we focused on. we worried about and tried to think of what the implications are. here it's clear the europeans have made i think a terrible mistake in making this proposal. that potentially could undermine confidence, and that could have knock-on effects not only for the whole financial system in europe but potentially for the u.s. >> randy, one thing that everyone wants to know at this point is how healthy or unhealthy is the u.s. economy? how far off are we from full health? >> alas i think we're pretty far om fl health. we've seen some green shoots in the spring. actually as we've seen in 2010 and 2011, with a little bit more job growth, a little bit more retail consumption. more stabilization of the housing market but we still have these big risks. the fiscal follies in the u.s. are not an
economy? >> it certainly would have come up, i think, if some analogies with iceland from a number of years ago. even a smaller country, only 250,000 people, not aillion people, but it was something that we focused on. we worried about and tried to think of what the implications are. here it's clear the europeans have made i think a terrible mistake in making this proposal. that potentially could undermine confidence, and that could have knock-on effects not only for the whole financial...
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Mar 21, 2013
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the cyprus economy, they said, is on the brink. the next move may prove its salvation or destruction. >> very nervous days. today, the jets' leader of the kurdish rebels has called a cease-fire following three decades of fighting that has left 40,000 people dead. many are waiting until it is implemented before they celebrate. we have this report from istanbul from james reynolds. >> and promised an historic announcement. more than 100,000 kurds gathered to hear the message. he may have spent the last 14 years behind bars, but the size of this crowd shows that he remains the undisputed leader of the kurdish people in turkey. during the new year's celebrations, his declaration was read aloud. >> with millions witnessing, i am announcing the beginning of a new era. a state has been reached where our armed forces can withdraw beyond the borders. >> these pictures show the old era that he has promised to give up. before his capture in 1999, he led pkk fighters in the field. now he has ordered them to give up their positions and turkey a
the cyprus economy, they said, is on the brink. the next move may prove its salvation or destruction. >> very nervous days. today, the jets' leader of the kurdish rebels has called a cease-fire following three decades of fighting that has left 40,000 people dead. many are waiting until it is implemented before they celebrate. we have this report from istanbul from james reynolds. >> and promised an historic announcement. more than 100,000 kurds gathered to hear the message. he may...
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Mar 18, 2013
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morning, knowing that we were significant -- >> as a nation, it has taken us 40 years to build our economy to the level it is. with done one day -- within one day, we have shot it down. we are very betrayed. >> they can do it anywhere. live in europe, europe has betrayed us. >> at one stage, the crowd was urged to march towards the presidential palace. many people believed their savings had been guaranteed. what is clear is that the bailout deal negotiated in brussels cannot be implemented here except in the face of furious opposition. will have depositors to pay -- just reducing the amounts savers and depositors will have to pay probably won't be enough. teeple are still trying to get their money out of cash machines, but there are limits on how much they can withdraw. a parliamentary vote on the bailout has been postponed yet again. the government feared it might not win a majority for the bailout. without extra funding, cyprus faces bankruptcy. the british community around -- the british community, around 60,000, is also assessing its losses. cypriot friends are in shock. >> they felt a
morning, knowing that we were significant -- >> as a nation, it has taken us 40 years to build our economy to the level it is. with done one day -- within one day, we have shot it down. we are very betrayed. >> they can do it anywhere. live in europe, europe has betrayed us. >> at one stage, the crowd was urged to march towards the presidential palace. many people believed their savings had been guaranteed. what is clear is that the bailout deal negotiated in brussels cannot...
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among stocks sensitive to what's going on with the economy... fed ex shares hit a road block with investors-- falling-- more than 7 dollars yesterday.. after the company revealing profits fell 30% last quarter wtih weakness in asia. the company also pulled back on its full year forecast. shares of caterillar lost more than a dollar. the construction equipment company said sales of its machines are down 13%. homebuilder lennar attracted buyers as the stock rallied $2 as the company reported its well positioned for this year and next. monster energy is changing the way it markets its products. energy drinks will now be classified as a "beverage" -- instead of a "dietary supplement." under the switch: monster will no longer be required to inform regulators about reports linking its drink to injury or deaths. rockstar energy made a similar move. energy drinks are under intense scrutiny after a 14 year old girl died after drinking two cans in one day. as for the tobacco industry.. graphic images of diseased lungs will "not" appear on cigarette labels
among stocks sensitive to what's going on with the economy... fed ex shares hit a road block with investors-- falling-- more than 7 dollars yesterday.. after the company revealing profits fell 30% last quarter wtih weakness in asia. the company also pulled back on its full year forecast. shares of caterillar lost more than a dollar. the construction equipment company said sales of its machines are down 13%. homebuilder lennar attracted buyers as the stock rallied $2 as the company reported its...
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Mar 16, 2013
03/13
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most australians can afford it, the economy is strong. it has a lot to do with the very strong currency. 20 u.s. dollars were worth 31 australian. now it will not even buy 20 australian. most prices have risen, even in australian dollars. renting a cheap apartment can easily eat that up for him and many others, a $2 lunch is a lifeline. >> i could have afforded to get .y a lot easier five years ago now it is virtually impossible. >> australia is a great place to be very rich.
most australians can afford it, the economy is strong. it has a lot to do with the very strong currency. 20 u.s. dollars were worth 31 australian. now it will not even buy 20 australian. most prices have risen, even in australian dollars. renting a cheap apartment can easily eat that up for him and many others, a $2 lunch is a lifeline. >> i could have afforded to get .y a lot easier five years ago now it is virtually impossible. >> australia is a great place to be very rich.
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Mar 21, 2013
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the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in the statement. very mch shrugged it off. he basically said we could use a little bit more inflation right now? >> absolutely. >> he should shrug it off. i completely disagree with that. what the economy needs is employment and employment will lead to wage growth. then we can start worrying about inflation the adpri -- agree with earn about key the bigger risk they pull back too early and once again we see momentum slip away. this is a fragile recovery the upside of them being wrong so often that they actually acknowledge it and try and adjust. so the
the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in...
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way ahead of the economy. the economy is not doing badly. >> neil: what is behind the companies spending all this cash in apple's case, hiking its dividend, and everything else? they're doing something didn't used to do. are you encouraged by that? look can how they're spending that? >> well, hiking the dividends, increasing the buybacks don't increase competitiveness. so if you don't get demand in this economy, don't get growth this, whole idea about jobs -- we have this conversation all the time. people talking about, let's have more job. why aren't people hiring? because we don't have the demand, and we've got to create a society that looks at growing the pie, making the pie bigger, getting gdp up to 3-1/2 to 4%, and letting everybody benefit from the growth. that what we're after. >> neil: you were back running ge and you vastly expanded that empire -- you would not be inclined to expand plant equipment, maybe if you had a cash to work with you would you do the stuff apple is doing, the kind of stuff comca
way ahead of the economy. the economy is not doing badly. >> neil: what is behind the companies spending all this cash in apple's case, hiking its dividend, and everything else? they're doing something didn't used to do. are you encouraged by that? look can how they're spending that? >> well, hiking the dividends, increasing the buybacks don't increase competitiveness. so if you don't get demand in this economy, don't get growth this, whole idea about jobs -- we have this...
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if there is a greater optimism about the economy? do you think that that's going to create anxiety, that the fed will start to scale back earlier than expected or is it a good thing when good news -- >> good news is not good news at the initial. there's too many people expecting that they will do nothing. you have to have it so the vast majority of people expect them to do something. >> it might create a sell-off in the market. >> they have to do it right. yeah, it could. >> could i add something. >> very quickly. >> at the end of the day the fed has to acknowledge the economy. it's good but not good enough. there's no way it's good enough for the fed to stop doing what it's doing. >> how good does the fed see the economy? let's find out right now. >> the federal reserve voting 11-1 to maintain its policy of purchasing $85 billion of mortgage-backed securities and treasuries monthly saying it will continue to make purchases until the labor market shows substantial improvement. that's pretty much exactly as written last time around. t
if there is a greater optimism about the economy? do you think that that's going to create anxiety, that the fed will start to scale back earlier than expected or is it a good thing when good news -- >> good news is not good news at the initial. there's too many people expecting that they will do nothing. you have to have it so the vast majority of people expect them to do something. >> it might create a sell-off in the market. >> they have to do it right. yeah, it could....
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tough new regulations and throwing them in jail cyprus needs to do the same if they want to save their economy i'll tell you why in tonight's deleted. your take my take live our phone lines are now open so if you want to share an opinion make a comment ask a question live on the air give me a call at two zero two nine zero four twenty one thirty four so for our first caller the night mark and drive away mark what's up either tom but it's go to sleep thanks what kind of sanity and clearly that you bring your like mr rogers for big people to be the best possible way ok but i want to ask if you think a third party because of the circumstances would claim a cheat insulin could ever succeed like a green party it's made them impact up here in canada right in canada you have a system is a little closer proportional representation here in the united states it is pure first past the post winner take all this is the problem the james madison confronted when he first wrote the constitution and you know he in seven hundred eighty seven and he was out selling it and seven hundred eighty eight and he sudden
tough new regulations and throwing them in jail cyprus needs to do the same if they want to save their economy i'll tell you why in tonight's deleted. your take my take live our phone lines are now open so if you want to share an opinion make a comment ask a question live on the air give me a call at two zero two nine zero four twenty one thirty four so for our first caller the night mark and drive away mark what's up either tom but it's go to sleep thanks what kind of sanity and clearly that...
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but i actually know what going to get is the growth of the cash economy amongst. small shopkeepers and so on but the really big thing is the large corporations who have deposits the very large deposits often turned over on or on a week to or even daily basis but still maintain large deposits of banks for all sorts of cash payments including payroll payments what are they going to where they can put their money because they're going to get here. that doesn't apply just to cyprus that applies all across the board if i was a saver. in any of these countries are you worried because i wouldn't know i would be certain what happens and to be honest the reassurances that this is unique what has been lost so unique event happened in this course of this crisis and you know what the of the of the the unique the become routine matthew that's a very interesting routine it's been done the president is made sure absolutely i think but but there's no question that the cypriot banking system right just because of its liabilities structure is unique in that sense whether it's uniqu
but i actually know what going to get is the growth of the cash economy amongst. small shopkeepers and so on but the really big thing is the large corporations who have deposits the very large deposits often turned over on or on a week to or even daily basis but still maintain large deposits of banks for all sorts of cash payments including payroll payments what are they going to where they can put their money because they're going to get here. that doesn't apply just to cyprus that applies all...
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find out what's really happening to the global economy with mike stronger no holds barred look at the global financial headlines kaiser reports. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything is all. i'm trying hard because the big picture. this is all of the prisoners hunger strike at guantanamo bay is growing something even the u.s. military officials now admit but they still deny that inmates are being mistreated although that some lives are in danger as the lawyers claim what's more the lack of response from humanitarian organizations is raising eyebrows as marrying up with my experience. as the guantanamo hunger strike enters its forty second day there's been very little response and no outcry from international organizations the united nations for example has yet to comment or a good knowledge of the get mo hunger strike now r t did reach out to un human rights bodies in geneva and officials have promised to respond to our inquiry with a comment b
find out what's really happening to the global economy with mike stronger no holds barred look at the global financial headlines kaiser reports. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything is all. i'm trying hard because the big picture. this is all of the prisoners hunger strike at guantanamo bay is growing something even the u.s. military officials now admit...
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economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is declining, as house prices go up. so as people have bigger down payments, bigger equity in their homes, they become more creditworthy. so to some extent, not -- i don't want to overstate it, but to some extent, monetary policy, by strengthening the housing market, helping support house prices, is bringing more people into the mortgage market. >> fox business. the stock market has been hitting all-time highs. it's recovered all of its losses from the financial crisis. i just want to know from you if i stil
economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is...
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markets why not this scandal find out what's really happening to the global economy with monks concert for a no holds barred look global financial headlines tune into kinds a report on r g.
markets why not this scandal find out what's really happening to the global economy with monks concert for a no holds barred look global financial headlines tune into kinds a report on r g.
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and here's the note he had to say about i don't recall of mr president for sure is a show of russian economy. was made during his address annual address the russian parliament this year and here still stuck to this idea that we really have to make environment and russian economy more comfortable for those that got to invest their money. and to keep the money here on russian soil the biggest concern in the biggest unfairness which president putin talked about here concern small businesses private interpreters who have the money in cyprus and we're talking here at least around forty thousand people who have their money in the offshore accounts they will suffer and this is something of course which is now being seriously condemned by moscow but then of course cyprus is in a very difficult position either it risks losing the bailout funds which of course will keep the country buoyant if it goes ahead with that then of course it loses its foreign investment investment so what does it do the reason feeling that cyprus may be shooting itself in the leg in a sense that it's been living off the offsh
and here's the note he had to say about i don't recall of mr president for sure is a show of russian economy. was made during his address annual address the russian parliament this year and here still stuck to this idea that we really have to make environment and russian economy more comfortable for those that got to invest their money. and to keep the money here on russian soil the biggest concern in the biggest unfairness which president putin talked about here concern small businesses...
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Mar 18, 2013
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. >> those involved ways government -- economy -- though zimbabwe's economy has begun recovering, full recovery remains elusive. would coste industry at least $1 billion. it is unlikely they will get the funds anytime soon. mohammed adow, al jaazeera. >> two years ago, a visit by the leader of myanmar to australia would have been highly improbable. now, thein sein -- now thein sein has become the first myanmar president to visit australia in four decades. australia is boosting aid. , civilunited states rights groups are taking the new york city's police department to court, claiming that the stop and frisk policy unfairly targets minorities. this east new york city neighborhood, crime and poverty are rampant -- >> in this east new york city neighborhood, crime and poverty are rampant, that many young men say it is the police they fear most. some were afraid to give their last names in describing their dealings with police. >> how are you all doing? >> i have had going -- had guns pointed at me based on my appearance. stop and frisk, as i've said numerous times, in one day. you never fi
. >> those involved ways government -- economy -- though zimbabwe's economy has begun recovering, full recovery remains elusive. would coste industry at least $1 billion. it is unlikely they will get the funds anytime soon. mohammed adow, al jaazeera. >> two years ago, a visit by the leader of myanmar to australia would have been highly improbable. now, thein sein -- now thein sein has become the first myanmar president to visit australia in four decades. australia is boosting aid....
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Mar 19, 2013
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this is the third smallest member of the eurozone, the third smallest economy in the eurozone. nobody expected this to be the center, the crux of the eurozone financial woes, but now it is. many say cypress sleepwalk into the problem. all the warning signs are there, but nobody heeded them. this has long been a tax haven, a country whose banking sector is eight times the size of the economy. cyprus new what was happening in did not take action. now it is a country that is in severe crisis, and it could really set off a chain reaction across the eurozone. that said, it would be unlikely that the eurozone would let them drop out or a bailout that pales in comparison to the rest, but there will have to be a radical the calculus -- the calculation to try to stabilize the entire single currency -- a radical recalculation to try to stabilize the entire single currency. >> thank you. if you thought the euro crisis was over, it may be time to think again. let's go to syria where there is a confused picture over a potentially dangerous development tonight. the syrian government and rebe
this is the third smallest member of the eurozone, the third smallest economy in the eurozone. nobody expected this to be the center, the crux of the eurozone financial woes, but now it is. many say cypress sleepwalk into the problem. all the warning signs are there, but nobody heeded them. this has long been a tax haven, a country whose banking sector is eight times the size of the economy. cyprus new what was happening in did not take action. now it is a country that is in severe crisis, and...
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democracies and how the the economy has to deal with a certain us are in crisis repeated in one scale in one form or another and quite possibly on a larger scale but let's hope not well leave the sun isn't shining in london by the looks of things and it's certainly not shining in cyprus although it should be thank you very much indeed les thanks for joining us live there that's leigh rather i'm in london. well the aftershocks of the proposition have been felt with other countries of course in and outside the euro zone something we just touched on there in the interview botton has the details. professional and dangerous with the words that lattimer putin used through his spokesman about this tax on deposits in cyprus that would be necessary for that ten billion euro e.u. i.m.f. loan russian banks russian businessmen and exceptionally rich russian individuals hold a disproportionately huge deposits in cyprus given the country's size the exact number of billions is estimated to be above ten but the exact number could be far higher it's very hard to establish it's partly because of that r
democracies and how the the economy has to deal with a certain us are in crisis repeated in one scale in one form or another and quite possibly on a larger scale but let's hope not well leave the sun isn't shining in london by the looks of things and it's certainly not shining in cyprus although it should be thank you very much indeed les thanks for joining us live there that's leigh rather i'm in london. well the aftershocks of the proposition have been felt with other countries of course in...
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economy i still peoples money that have global do a. good thing.
economy i still peoples money that have global do a. good thing.
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it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus you have a society and a lot of things that need to be focused on, laser beaming becomes narrowing, i don't think that is how we' our president or anyone in congress to just have like this one bullet silver bullet solution on what will save the u.s., that is not only thing that u.s. needs right now, we not only have a jobs problem. neil: i think it should be your highest priority. >> it is important for us to look -- >> okay, i understand. >> i don't know why we're again saving the world. neil: i'm not again saving the whales and birds, i'm i w
it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus...
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Mar 17, 2013
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what they want is to destroy the private economy and to build the communal economy. ri,for the people in pata there's a lot at stake in the election. both candidates have promised to keep funding social programs, but the economic reality may mean cuts. that would make life here in even harder. al jazeera, caracas. bia, authorities into the jungle to recover cocaine. the confiscated drug has a street value of at least $90 million and was destined for uses in the united states. three months after typhoon bopha hit the philippines, millions of people are still dealing with its effects. among them, banana farmers, who say it will take them at least two years to recover. we meet some of the people who defend on the fruit for their income -- depend on the fruit for their income. >> this is a banana plantation. all of it was devastated when typhoon bopha hit. with the packing shutdown and employees laid off, he feels helpless. in ours not even imagination. we never thought such devastation could happen to us. everything was gone in an instant. >> typhoon bopha was the stron
what they want is to destroy the private economy and to build the communal economy. ri,for the people in pata there's a lot at stake in the election. both candidates have promised to keep funding social programs, but the economic reality may mean cuts. that would make life here in even harder. al jazeera, caracas. bia, authorities into the jungle to recover cocaine. the confiscated drug has a street value of at least $90 million and was destined for uses in the united states. three months after...
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Mar 21, 2013
03/13
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i think it is a really counterproductive move that will be very damaging to the cypriot economy. melissa: absolutely. what kind of reaction have you gotten from this resolution? >> i think very positive. members on both sides of the aisle understand that our savers and investors ought to have some insurance and reassurance in this area. so i think there's a good chance we can actually get this through? melissa: congressman, thanks so much for coming on tonight. we certainly appreciate your time. >> thank you. melissa: now to alarming new developments. bankers in the european union,. e.u. is about to officially pass a new law that caps bonuses for their bankers at their salary amounts. it still needs final approval from the parliament and finance ministers but already gained firm approval from the e.u. states and part of the parliament. of course the concern is whether this law could gain traction and make the jump across the pond and hit bankers here in the u.s. that would certainly have a huge impact on industry as a whole. here to give insight is our very own charles payne. i m
i think it is a really counterproductive move that will be very damaging to the cypriot economy. melissa: absolutely. what kind of reaction have you gotten from this resolution? >> i think very positive. members on both sides of the aisle understand that our savers and investors ought to have some insurance and reassurance in this area. so i think there's a good chance we can actually get this through? melissa: congressman, thanks so much for coming on tonight. we certainly appreciate...
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Mar 18, 2013
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it is the banking system the size of this economy, you talk about the fact that large percentage of the deposit are outside attempting to trick the nation and the bank in the unique way. i sure hope they backpedal on insurance deposits, that would provide a little bit of stability and i hope they suggest this is not something we're looking to do broadly across the euro zone nations. melissa: do you think they will do that, or do you think the opposite, that other people follow suit? this is really unprecedented. they're basically skimming people's bank accounts. >> i agree with both of you, which is always a good thing to do. the fact is they will try to reassure people this is a one off thing. they have rung the spell. now people know especially larger depositors know if they're in italy or spain they could be hit by this. the one thing we have not mentioned is russia. love those large deposits are from russians. including those who had taken the money. the fact they're taking a haircut is not anything people want to cry tears over, the thing is now that we have crossed this red line,
it is the banking system the size of this economy, you talk about the fact that large percentage of the deposit are outside attempting to trick the nation and the bank in the unique way. i sure hope they backpedal on insurance deposits, that would provide a little bit of stability and i hope they suggest this is not something we're looking to do broadly across the euro zone nations. melissa: do you think they will do that, or do you think the opposite, that other people follow suit? this is...
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of people inty germany think the economy is going strong, but only a few people are profiting from our economic strength. >> the spd is demanding a minimum wage of eight euros 50 an hour, and more pay for temporary staff. they're planning to raise taxes on top-tier earners. or member the victims of the earthquake and tsunami two years ago -- remembered the victims of the earthquake and tsunami two years ago. earth6 exactly, the shook. 19,000 people died. >> my mother is still missing. it's been two years now, but it feels as if it just happened. man and his wife pledge tributes to those who lost their lives. he said japan would never forget. >> i think the only way to help the victims rest in peace is by accelerating reconstruction and by supporting the survivors. >> more than 300,000 people are still living in temporary accommodation. reconstruction work has been stalling. the fukushima nuclear disaster has contaminated huge swathes of .and on monday, the main suspect in the rape and murder of a young woman in a daily bus last december was found dead in his cell. -- delhi bus last dec
of people inty germany think the economy is going strong, but only a few people are profiting from our economic strength. >> the spd is demanding a minimum wage of eight euros 50 an hour, and more pay for temporary staff. they're planning to raise taxes on top-tier earners. or member the victims of the earthquake and tsunami two years ago -- remembered the victims of the earthquake and tsunami two years ago. earth6 exactly, the shook. 19,000 people died. >> my mother is still...
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what the ncaa tournament means for the economy of the south bay. >>> nbc bay area news starts now. >>> good evening and thank you for joining us. i'm jessica aguirre. >> and i'm raj mathai. it is a sport that brought families together for generations but tonight that sport has left the family and two bay area communities in mourning. a well known north bay racer ran off the track this weekend hitting and killing two people. it happened on saturday. the petaluma boy, the victims his 14-year-old cousin and the 68-year-old owner of the racecar. she spoke with members of the family just trying to come to grips with this tragedy. >> reporter: i had a chance to talk to the boy's grandfather today. it was just last october when this family was celebrating at the petaluma speedway when chase won a championship title. tonight chase's racing has left that family in mourning. >> they call me on the phone that afternoon and said something terrible happened. marcus is dead. >> reporter: bob johnson describes how he learned that his 14-year-old grand son was dead. the sprint car driven by his 17-ye
what the ncaa tournament means for the economy of the south bay. >>> nbc bay area news starts now. >>> good evening and thank you for joining us. i'm jessica aguirre. >> and i'm raj mathai. it is a sport that brought families together for generations but tonight that sport has left the family and two bay area communities in mourning. a well known north bay racer ran off the track this weekend hitting and killing two people. it happened on saturday. the petaluma boy, the...
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there is enough money to keep the economy moving forward, but these are very, very difficult days. tomorrow, the banks will be closed again, and quite possibly on friday, too. >> thank you. we are bringing you all of the latest developments from cyprus as they search for a solution there. police have searched the home of kristie in the guard. ofkhristine lasard, the head the international monetary fund. the operator of japan pose the damaged nuclear power plant in fukushima said iraq had been responsible for a loss of power this week. -- said a rat has been responsible for a loss of power this week. a dead rat was found near a switchboard. the company is investigating whether the raft was the cause. that it has killed a french national captured in mali in 2011. it claims it executed the man in retaliation for france's intervention in mali. the french foreign ministry said it is trying to verify those claims. the first test- tube baby was born in the u.k., the country could be leading the way again. this time it is a new idf procedure that creates a baby with three biological parent
there is enough money to keep the economy moving forward, but these are very, very difficult days. tomorrow, the banks will be closed again, and quite possibly on friday, too. >> thank you. we are bringing you all of the latest developments from cyprus as they search for a solution there. police have searched the home of kristie in the guard. ofkhristine lasard, the head the international monetary fund. the operator of japan pose the damaged nuclear power plant in fukushima said iraq had...
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economy and u.s. institutions are the safest in the world and will be a beneficiary. lou: we watched eight straight records on the dow. 10 straight wins on the dow. but this has been an impressive performance. if it time to say we will see you in four or five points from here, i would look at prospect of a crection, what do you think? >> we have gone pretty far, pretty fast. in an interest rate environment. look at itfrom a relative basis, so that the equity market is pretty interesting place to be. we really haven't seen for a while. lou: we will get some indications on the housing market, we will look at building permits primarily, what are you expecting? >> still think the housing market is in pretty good shape, but if you look at the opportunity out there, seeing some places the housing market is doing pretty well, seeing a lot of the excess capacity in the marketplace, in a zero interest environment, a fair amount of the pacity, investment classes come in and actually bought up a fair amount of those equities. are we going back to the old days, absolutely not. lo
economy and u.s. institutions are the safest in the world and will be a beneficiary. lou: we watched eight straight records on the dow. 10 straight wins on the dow. but this has been an impressive performance. if it time to say we will see you in four or five points from here, i would look at prospect of a crection, what do you think? >> we have gone pretty far, pretty fast. in an interest rate environment. look at itfrom a relative basis, so that the equity market is pretty interesting...